Stocks to watch on the Australian stock exchange:
APA - APA GROUP - down 2.5 cents, or 0.3 per cent, at $9.685
BUL - BLUE ENERGY - up 0.7 cents, or 12.5 per cent, at 6.3 cents
APA Group will build a gas pipeline as part of an expansion to its east coast gas grid after signing a memorandum of understanding with Blue Energy.
ANZ - ANZ BANKING GROUP - down 29 cents, or 1 per cent, at $28.09
CBA - COMMONWEALTH BANK OF AUSTRALIA - down 68 cents, or 0.8 per cent, at $82.11
MQG - MACQUARIE GROUP - down 29 cents, or 0.3 per cent, at $90.73
NAB - NATIONAL AUSTRALIA BANK - down 29.5 cents, or 1 per cent, at $29.975
WBC - WESTPAC - down 26 cents, or 0.8 per cent, at $30.62
Shares in Australia's big four banks have fallen after Moody's cut their long-term credit ratings due to risks associated with the local housing market.
ORL - OROTON - up 1.5 cents, or 1.5 per cent, at $1.05
Struggling luxury handbag retailer Oroton will lean on its largest shareholder as part of a wide strategic review which could see the brand sold, refinanced or recapitalised.
SGH - SLATER AND GORDON - up 0.1 cents, or 1 per cent, at 9.9 cents
Slater and Gordon says it will strongly defend a class action brought against it by one of its shareholders.
TAH - TABCORP - in a trading halt, last traded at $4.63
TTS - TATTS GROUP - in a trading halt, last traded at $4.17
The Australian Competition Tribunal has waved through the proposed $11 billion merger between gaming rivals Tabcorp and Tatts Group.